Raymond Gosselin Facilitates $1.26M Multifamily Sale In Arlington, MA
28-30 Margaret Street
$1,260,000
$523/SF
Building Size
2,409 SF
Asset Type
MultiFamily
Closing
Apr 24, 2024
AI
28-30 Margaret St in Arlington, MA, was sold for $1.26 million. The property offers 4 beds, 2 baths, and spans 2,409 sq ft. It is conveniently located near schools, parks, and the Minuteman Commuter Bike Path, with easy access to Alewife Red Line and Arlington Center.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,260,000
- Units: 2
- Price Per Unit: $630,000
- Square Footage: 2,409
- Price Per Square Foot: $523
- Address: 28-30 Margaret Street
- Market: Arlington, MA
The Moving Greater Boston Team from Berkshire Hathaway Homeservices Warren Residential represented the buyer in this transaction, while Raymond Gosselin from Churchill Properties represented the seller.
Arlington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93